Yahoo! CEO Sells $1,254,960 in Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CEO Marissa A. Mayer sold 36,000 shares of the company’s stock on the open market in a transaction dated Thursday, July 10th. The stock was sold at an average price of $34.86, for a total value of $1,254,960.00. Following the transaction, the chief executive officer now directly owns 2,499,185 shares of the company’s stock, valued at approximately $87,121,589. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
YHOO has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Yahoo! in a research note on Monday. They set a “market perform” rating on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo! in a research note on Wednesday, July 9th. Finally, analysts at Needham & Company LLC reiterated a “hold” rating on shares of Yahoo! in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $40.55.
Yahoo! (NASDAQ:YHOO) traded up 0.76% on Monday, hitting $35.70. 18,680,036 shares of the company’s stock traded hands. Yahoo! has a 52-week low of $26.73 and a 52-week high of $41.72. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $36.5. The company has a market cap of $35.943 billion and a price-to-earnings ratio of 29.55. Yahoo! also was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 27,580,196 shares, an increase of 17.8% from the June 13th total of 23,407,413 shares. Based on an average daily trading volume, of 21,301,619 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.0% of the shares of the stock are sold short.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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